https://www.taxtmi.com/caselaws?id=22245 Section 21(2) of the Wealth-tax Act, 1957 authorises direct assessment of beneficiaries notwithstanding assessment of the trustees, so the Wealth-tax Officer may assess beneficiaries directly. The valuation dispute concerning the assessee's interest in immovable property required closer examination of the facts relating to compensation, apportionment, co-ownership and the extent of the interest involved, and was not finally answered on the existing material. A reframed question of law was directed to be referred for further consideration. en-us Mon, 11 Mar 1991 00:00:00 +0530 Tue, 08 Dec 2009 13:10:53 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=22245 Section 21(2) of the Wealth-tax Act, 1957 authorises direct assessment of beneficiaries notwithstanding assessment of the trustees, so the Wealth-tax Officer may assess beneficiaries directly. The valuation dispute concerning the assessee's interest in immovable property required closer examination of the facts relating to compensation, apportionment, co-ownership and the extent of the interest involved, and was not finally answered on the existing material. A reframed question of law was directed to be referred for further consideration. Case-Laws Wealth-tax Mon, 11 Mar 1991 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=22245